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Thai sugar premiums slip in muted trade, supplies to pick up NEW DELHI: Thai sugar premiums slipped after nearly two weeks of muted trade, but dealers anticipate a surge in deals in end-January and early February when Bangkok is ready to sell the sweetener in the world market. "Although there were a few deals for Brazilian sugar, we did not get to hear any major trade in the region. But we do expect a reasonably good quantity of Thai sugar getting traded by the end of this month and early February," said a dealer by telephone from Australia. For February and March shipments, the widely traded high polarisation, or hipol, raws were offered at 35 points above New York futures for spot delivery, down from 40 points in the previous week. On Tuesday, the benchmark New York raw sugar contract ended up 0.11 cent, or 0.8 percent, at 14.87 cents a lb. Reuters analyst Wang Tao said New York March sugar ...

Palm eases in tight trade, bumper soy supplies add pressure KUALA LUMPUR: Malaysian palm oil futures edged lower on Wednesday as losses in competing soy markets weighed, although a weak ringgit and concerns about the aftermath of monsoon floods on palm output limited the fall and kept prices rangebound.Traders said the weaker Malaysian ringgit should help stoke demand for palm, but export demand still lagged as uncertainty in global markets was making buyers cautious."Externally the market is full of uncertainty, with crude oil depressed and ...
India's December palm oil imports rise 5pc m/m MUMBAI: India's palm oil imports rose 5 percent to 836,447 tonnes in December from a month earlier, data from the Solvent Extractors' Association of India (SEA) showed on Wednesday.India, the world's leading palm oil importer, mainly buys it from top producers Indonesia and Malaysia.Copyright Reuters, 2015 ...
Chinese aluminium smelters shut more capacity as prices dive HONG KONG: Chinese aluminium smelters are likely to close more than 500,000 tonnes of capacity in coming months as domestic prices fall below the cost of production amid slowing demand and plentiful supply, industry sources said.However, further cuts of 1.5 million to 2.0 million tonnes would be needed this year to counter planned new capacity in the world's top consumer and producer of aluminium and boost prices that hit a record low on Wednesday, they ...
NY cocoa to test resistance at $3,023 SINGAPORE: New York March cocoa is expected to test a resistance at $3,023 per tonne, a break above which will open the way towards the next resistance at $3,065.These two resistances are identified respectively as the 100 percent and the 123.6 percent Fibonacci projection levels of an upward wave C, the third wave of a three-wave cycle that developed from the Nov. 13, 2014 low of $2,780.A trendline passing through the Dec. 9, 2014 high ...
Vietnam Coffee-Trade slow on high domestic prices HANOI: Vietnam's coffee markets saw light trading this week as exporters were seeking to sell beans above London's futures due to high domestic prices, while foreign buyers were looking for cheaper prices, traders said on Tuesday.After most of harvesting ended in December, farmers have now begun to sell slowly, but many were still waiting for higher prices, traders said. Vietnam, the world's top robusta producer, produces nearly a fifth of the world's total."The beans are ...
TOCOM drops to two-week low, hurt by plunging oil prices TOKYO: Benchmark Tokyo rubber futures fell to a two-week low on Tuesday as plunging oil prices weighed on prices of other commodities and as the yen's rise to a one-month high added to selling pressure.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have dropped more than 4 percent so far this year.The Tokyo Commodity Exchange rubber contract for June delivery finished at 203.8 yen ($2) per kg, ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln